Boeing wins $14.7 billion Lockheed PAC-3 contract
Boeing secured a potential seven-year, $14.7 billion contract to increase PAC-3 MSE seeker production.
Palanor Wire · composed from 3 outlets · every claim links to its sources
What happened
Boeing received a contract from Lockheed Martin worth up to $14.7 billion. 13 The contract runs for seven years and aims to triple PAC-3 seeker production. 1 Lockheed Martin issued the award as an undefinitized contract as the PAC-3 prime contractor. 2 The contract is for PAC-3 MSE seekers. 3
Why it matters
The agreement expands Boeing's role in the Patriot missile defense system supply chain. 12
What to watch
Final contract terms will be determined when the undefinitized agreement is completed. 2
Sources · 3
[1]Boeing (BA) Secures $14.7B Contract with Lockheed Martin to Triple PAC-3 Seeker Production
gurufocus.com · via Marketaux
[2]Boeing receives Lockheed PAC-3 MSE contract worth up to $14.7 billion reut.rs/46YDC27
Reuters · Bluesky
[3]Boeing nabs potential $14.7 billion PAC-3 seeker contract
Breaking Defense
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